EUR/USD is pushed by 55-hour SMA - Technical Analysis - Dukascopy Bank
Fri, 27 Nov 2020 10:59:08 GMT
Source: Dukascopy Bank SA
The common European currency has found support in the 55-hour simple moving average, which has been pushing the pair up since the afternoon of Thursday. In the meantime, the pair faces the resistance of the weekly pivot point at 1.1935.
In the case of the rate passing the resistance of the pivot point, the rate would aim the technical resistance at 1.1978.
On the other hand, if the 55-hour SMA fails to push the rate up, the EUR/USD could decline to the technical support levels near 1.1900.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.
To learn more about Dukascopy Bank Binary Options
/ Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information, please call us or make callback request.
To learn more about Business Introducer and other trading related information, please call us or make callback request.
For further information regarding potential cooperation, please call us or make callback request.